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ok crazy to actually point i mean china china's economy like you know if i can interject here for a commuter jet here i mean in the west chinese criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is still it is middle steadily. lighning ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the declining british empire at the beginning of the twentieth century and how the new way it was this. and the fascist states in europe. so countries that are willing to exploit their people to any level are always able to achieve quick turnarounds we saw that really we saw that in germany we saw that at the beginning of the soviet union it's not sustainable but that's how do i i mean i've seen the people standing behind the rear of an ox with a wooden plow while the party members in shanghai in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who
ok crazy to actually point i mean china china's economy like you know if i can interject here for a commuter jet here i mean in the west chinese criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is still it is middle steadily. lighning ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the...
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and make china a financial power on par with the u.s. and this wouldn't have a first time for the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our just sit damage so i think it's appropriate and fitting in timely for us to be standing up and saying you know this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests meanwhile economists are already warning of contagion threat if the crisis unravels and some have pointed to the country's slow growth as a sign of a spill over effect concerns that beijing has dismissed. if humans and. you want to use that you know who owns it is trying to say that the national economy is generally on the right track and is benefiting from the control policies on the domestic front china's going further tightening the screws on internet freedom whether it's a sign of its internal vulnerability in that world by popular uprisings i
and make china a financial power on par with the u.s. and this wouldn't have a first time for the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our just sit damage so i think it's appropriate and fitting in timely for us to be standing up and saying you know this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests...
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hello and welcome to cross talk time peter about china's maneuvering our china's fortunes faring during the global financial crisis and the euro zone fiasco political uncertainty in the u.s. and the arab spring is china and the gainer is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater leadership role. in. crosstalk china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already shankar he has to ford motor company chair in global business management at ohio state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china institute all right folks you have difference a points of view on this and i want you to show my viewers ok but first marcia people say that china is set to save the world i don't know about that but there is little doubt that over the last decade asia and china specifically has been steadily moving to the fore of the global economy and in the wake of the two thousand and eight credit crunch which
hello and welcome to cross talk time peter about china's maneuvering our china's fortunes faring during the global financial crisis and the euro zone fiasco political uncertainty in the u.s. and the arab spring is china and the gainer is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater leadership role. in. crosstalk china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china...
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money into the market which has benefited china but i'd like to also challenge this notion that china owns the united states they own about eight percent of our debt japan is about six percent of our debt so again overblown so do position do political decisions now how this you know this affects of leading to to economic decline and the demise of the west again i think this is these are are more romantic narratives about the west in the minds of americans and this concern that we won't be on top and i'll complicate that a little further that our expansion and our imperialism started with the founding with the notion that anglo-saxon rights male protestants in particular were the less and kind and this led to us you know the genocide of the native americans as we expanded westward it led to atrocities in hawaii and the philippines and beyond so i think it is good that america will have competitors because unchecked imperialism leads to all sorts of of colonial issues and even genocide i think that's an important point and when you talk about competitors sometimes it's a little difficul
money into the market which has benefited china but i'd like to also challenge this notion that china owns the united states they own about eight percent of our debt japan is about six percent of our debt so again overblown so do position do political decisions now how this you know this affects of leading to to economic decline and the demise of the west again i think this is these are are more romantic narratives about the west in the minds of americans and this concern that we won't be on...
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we're in europe as well so in terms of their bacon they don't care what china is doing fekete one china's money in china say no so what's the put your house in order in your opinion with think about lend you some. in corporations western corporations question the law of the effect that it legal to china if you look allies like greece in keep their profits so there's only one loser segment you know all this transition and all those looking glasses in the lot and you know are you just not in a and we also sun our sun is reported g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense you know let's get rid of american programs like when johnson's great society bachmann says that this has made the us into a welfare state she says if only we were more like china they don't have food stamps they don't they save for their own retirement so badly i guess i get an idea from you about some of these different views from potential future leaders of this
we're in europe as well so in terms of their bacon they don't care what china is doing fekete one china's money in china say no so what's the put your house in order in your opinion with think about lend you some. in corporations western corporations question the law of the effect that it legal to china if you look allies like greece in keep their profits so there's only one loser segment you know all this transition and all those looking glasses in the lot and you know are you just not in a...
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and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization amid growing as a regime protest which critics claim are sponsored problem brought. and blasting off for orbit a crew of three had to the international space station first since a similar rocket carrying on an supplied craft crashed back to earth. russia's markets create the we call for the pope to mystic notes with the obvious mind six up more than one in the hall says the financials beating the games more on the markets are mixed this is news and it's what humans. are watching i think i mean a lot from moscow where it's eleven am now marina josh welcome to the program as a gathering of the pacific rim split will any konami carry weights winds down and why it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency prac
and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization amid growing as a regime protest which critics claim are sponsored problem brought. and blasting off for orbit a crew of three had to the international space station first since a similar rocket carrying on an supplied craft...
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with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business with. doesn't have to be us or them and isn't buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but i think it in a business sense that it can all make sense was countries to just work with china as any other country so yeah i don't know where the fear comes from from the u.s. about china well there you have it it seems to china is the new kid on the economic block and it's up to the u.s. elbow us to see how they deal with reporting from wash. and i just said oh see as just a little while ago i spoke to caroline hellman she's a professor of politics at occidental college he told me that people in the u.s. may want to just those attitudes toward china and explain sometimes a little friendly rivalry isn't so bad for us i think that it is positive when we have anot
with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business with. doesn't have to be us or them and isn't buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but i think it in a business sense that it can all make sense was...
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is to effect big one china's money in china same will force the put your house in order in europe in with think about leaders summit in corporations western corporations question they love defected to china do you look allies like crazy in keep their profits so there is only one loser segments in all this transition into. looking glasses in the lores and you know you just mentioned this and they also sign off on his report g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense let's get rid of american programs like lyndon johnson's great society bachmann says that this has made the us into a quote welfare state she says if only we were more like china they don't have food stamps they don't they save for their own retirement so badly i guess i want to get an idea from you about some of these different views from potential future leaders of this country and the way they view china. look at every thermo watch the republicans eat my cat run
is to effect big one china's money in china same will force the put your house in order in europe in with think about leaders summit in corporations western corporations question they love defected to china do you look allies like crazy in keep their profits so there is only one loser segments in all this transition into. looking glasses in the lores and you know you just mentioned this and they also sign off on his report g.o.p. presidential candidates taking a dig at china there is sort of a...
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of trade investment so on and so forth but it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so this is certainly a good role that russia can play when it comes to continuing to develop the goals of the gathering and of course last but not least you know russia's accession to the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better time than now to
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient...
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is china town to find out i don't think we have to be afraid of china but i do think that we should be concerned well i think concerned might be the right word for it and angelina isn't the only one how much twenty eleven b.b.c. poll shows that many in the west aren't exactly thrilled about china gaining more economic steam in the span of just five years negative attitudes towards china have skyrocketed with france germany italy the u.k. and the u.s. on unhappy at the thought of china nipping at their heels and for the us nowhere is that clear that in the race to the white house china is on almost every dimension cheating this is no longer a time for us to sit back and say we're going to let them steal our jobs what we need to do is stop enriching china with our money i want to beat china i want to go to war with china and make america the most attractive place in the world to do business woah woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our econo
is china town to find out i don't think we have to be afraid of china but i do think that we should be concerned well i think concerned might be the right word for it and angelina isn't the only one how much twenty eleven b.b.c. poll shows that many in the west aren't exactly thrilled about china gaining more economic steam in the span of just five years negative attitudes towards china have skyrocketed with france germany italy the u.k. and the u.s. on unhappy at the thought of china nipping...
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and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization of it growing into regime protests which critics claim are sponsored from abroad. and blasting off for orbit a crew of three had to the international space station the first since a similar rocket carrying an unmanned supply craft crashed back to earth. it's ten am in the russian capital you're watching on t.v. live from moscow with me rima joshie as a gathering of the pacific rim split it all an economic heavyweights winds down in hawaii it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices i guess the future king reports from honolulu. it looks like a new cloudy chapter in the book of currency wars between the united states and china has certainly been opened here at the apec summit in honolulu as broca
and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization of it growing into regime protests which critics claim are sponsored from abroad. and blasting off for orbit a crew of three had to the international space station the first since a similar rocket carrying an unmanned supply...
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with our mani i want to be china i want to go to war with china and make america the most attractive place in the world to do business woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring that up but i think it is in a business sense an economic sense most countries do just work with china as any other country so yeah i don't know where the fear comes from from the u.s. about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and the west to see how they deal with reporting from washington i'm not trying to set a party. meantime caroline helpmann from the occidental college in los angeles says that washington feels the need to paint china as a new evil empire china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for th
with our mani i want to be china i want to go to war with china and make america the most attractive place in the world to do business woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring that up but i think it is in a business sense an economic sense most...
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sincerity china will lend a hand but i don't cross china will also have their own conditions to reciprocate themselves where you mentioned china has its own conditions and it obviously has its own issues to spend its own money on how can it convince its people that it is a good idea to throw the country's money at a swath of rich g seven nations. that's a very good question because i can see that there has been growing concern in china over you know how the money is going to be spent and i think the government will have to gave the right answer to the chinese people because because it's their tax dollars so therefore so china should view this as a matter of the investment instead of a financial aid and secondly the economic considerations should be the primary consideration instead of you know the compromising on certain face saving or diplomacy then the investment for be targeted more to the valuable assets to help the industries instead overriding a bland check to buy the bonds which is now rather sticky and there has not been the reasonable or for that a proper return risk a free package
sincerity china will lend a hand but i don't cross china will also have their own conditions to reciprocate themselves where you mentioned china has its own conditions and it obviously has its own issues to spend its own money on how can it convince its people that it is a good idea to throw the country's money at a swath of rich g seven nations. that's a very good question because i can see that there has been growing concern in china over you know how the money is going to be spent and i...
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about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and the west to see how they deal with reporting from washington i'm not genocide oh i see dr caroline held men from occidental college in los angeles says that washington that feels the need to paint china as a new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confront so when we hear these republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order to buoy the resilience of nationalism and again i find i take issue with that nationalism but at the same time i think it's good for the u.s. to have competitors it's never good for a global superpower to be the only one at the top of perceived because then they act with impunity and i believe at various points in u.s. history we have seen the evidence of that i think having china in the mix will be very positive for social political relatio
about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and the west to see how they deal with reporting from washington i'm not genocide oh i see dr caroline held men from occidental college in los angeles says that washington that feels the need to paint china as a new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to...
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and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to span of from the organization and a growing as a regime protests which some believe are sponsored from abroad. and blasting off for orbit a crew of three heads to the international space station the first since a similar rocket carrying out on man supplied craft crashed back to earth. but if you live from moscow with me marina joshing welcome to the program as a gathering out of the pacific rim political and economic heavy weights winds down and why it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices and as artie's of the future in the reports the fact that next year a summit is taking place in russia could help solve some of the biggest sticking points. it looks like a new cloudy chapter in the book of currency wars between the unit
and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to span of from the organization and a growing as a regime protests which some believe are sponsored from abroad. and blasting off for orbit a crew of three heads to the international space station the first since a similar rocket carrying out on man supplied...
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about china well there you have it it seems to china is the new kid on the economic block and it's up to the you was asked to see how they deal with reporting from washington and my parents said oh i see. russia is taking part in the apec summit more on that coming up in our business bulletin. russia says it hopes to improve ties with asian countries to preserve global economic stability business bulletin presidential. issues for russia. italy could welcome a new prime minister and government as early as saturday after a final vote on a sterile finalizes the exit of cilia berlusconi the most likely successor is a former eurocrat leading to some public concern that the influence of brussels will be ad the very center of national politics at the center for of has more from rome. the m.p.'s we've been speaking to here has that italy is absolutely desperate to send a very strong signal that they're able to get the situation under control now if the measures get that a preview today though that of course pave the way for the resignation of prime minister berlusconi as he promised. the man
about china well there you have it it seems to china is the new kid on the economic block and it's up to the you was asked to see how they deal with reporting from washington and my parents said oh i see. russia is taking part in the apec summit more on that coming up in our business bulletin. russia says it hopes to improve ties with asian countries to preserve global economic stability business bulletin presidential. issues for russia. italy could welcome a new prime minister and government...
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money report the fin china scolds woman for having nothing of value to steal so women in china woke up and found an intruder in our apartment in the middle of the night but rather than run away the guy. stayed there and the thief launched into a tirade cast sizing the woman for having nothing of value to steal he criticize her for more than ten minutes telling her she needs to get educated work harder and accumulate some kind of wealth before she gets old the man went on i am but a simple thief yet i have more than you so i thought this could possibly be jamie dying when he read that there was all the silver going to try and id was like a cat burglar around looking for some silver to meet a snake in short physicians well i think something a lot of the translation actually because the woman was actually sleeping on a mattress filled with u.s. dollars and as the thief pointed out there's little value in those i want i want real look i want silver but it's also i think the motto for the one percent you see the occupy wall street people they're out there chicago los angeles denver and n
money report the fin china scolds woman for having nothing of value to steal so women in china woke up and found an intruder in our apartment in the middle of the night but rather than run away the guy. stayed there and the thief launched into a tirade cast sizing the woman for having nothing of value to steal he criticize her for more than ten minutes telling her she needs to get educated work harder and accumulate some kind of wealth before she gets old the man went on i am but a simple thief...
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as i said is seeking to pressure china and actually to forge a strategic encircled line of china diplomatically economically and militarily you know i indicated some of the dimensions of that and i think it's important to understand that this is not in the interest of the people of the world in the united states or bows the u.s. is the most dominant imperialist power in china is a capitalist power in transition to becoming an imperialist power this is not in the interest of the people the world like you know it was in italy and not any interest of the people of the world thing that growing tensions between the two countries. well if the u.s. is really asserting its dominance in that region and what i'm saying is that will a potentially lead to conflict and be the battle between the united states and china is a battle over the right to exploit to create exploitation zones you know it's interesting that one of the agreements that was reached it wasn't really an agreement in the negotiations of the last two days that obama has been in with the leaders of china there was this whole question of inte
as i said is seeking to pressure china and actually to forge a strategic encircled line of china diplomatically economically and militarily you know i indicated some of the dimensions of that and i think it's important to understand that this is not in the interest of the people of the world in the united states or bows the u.s. is the most dominant imperialist power in china is a capitalist power in transition to becoming an imperialist power this is not in the interest of the people the world...
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with our model i want to beat china i want to go to war with china and make america the most attractive place in the world to do business. doesn't have to be os or them and isn't buying it's the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but they get in a big. countries do just as any other country. comes from the us about well there you have it it seems china is the new kid on the economic block and it's up to the us. to see how they deal with. washington and are going to set up. and hold them from dental college in los angeles says washington feels the need to paint china as a new evil empire china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confront so when we hear this republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order
with our model i want to beat china i want to go to war with china and make america the most attractive place in the world to do business. doesn't have to be os or them and isn't buying it's the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but they get in a big. countries do just as any other country. comes from...
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in china as money in china say no first of which you're housing or that in your opinion with think about leaders and. in corporations western corporations question the law of the effect that it legal china if you look allies like reason and keep their profits so all you a little looser segment in all this drama zisha. looking glasses in the lords and you know are you just mentioned as have any other sign ups on this report g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense let's get rid of american programs like lyndon johnson's great society bachmann says that this has made the us into a quote welfare state she says if only we were more like china they don't have food stamps then they save for their own retirement so badly i guess i get an idea from you about some of these different views from potential future leaders of this country and the way they view china. look every time i watch a republican debate my cat runs out of the ruled ab
in china as money in china say no first of which you're housing or that in your opinion with think about leaders and. in corporations western corporations question the law of the effect that it legal china if you look allies like reason and keep their profits so all you a little looser segment in all this drama zisha. looking glasses in the lords and you know are you just mentioned as have any other sign ups on this report g.o.p. presidential candidates taking a dig at china there is sort of a...
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know i tend to try to get china to raise the value of its currency if you want china them think they care what these other countries want when you have president obama when you have the leaders trying to get in and talk about this talk to me a little bit about this. well i think that you know what's going on is as i said these intensifying escalating tensions between the united states and china over you know the over the asia pacific region the u.s. has long been the dominant ahead ramoni power there economically and militarily and now you see china's very rapid rise and the us as i said is seeking to pressure china and actually to forge a strategic encircled one of trying to diplomatically economically and militarily you know indicated some of the dimensions of that and i think it's important to understand that this is not in the interest of the people of the world in the united states or blows the u.s. is the most dominant imperialist power in china is a capitalist power in transition to becoming an imperialist power this is not in the interest of the people worldwide you know it w
know i tend to try to get china to raise the value of its currency if you want china them think they care what these other countries want when you have president obama when you have the leaders trying to get in and talk about this talk to me a little bit about this. well i think that you know what's going on is as i said these intensifying escalating tensions between the united states and china over you know the over the asia pacific region the u.s. has long been the dominant ahead ramoni power...
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. but u.s. has long complained that china keeps its currency artificially weak to give an advantage to exporters but china says the yuan has to rise gradually to avoid harming its economy across one of the office on a boy explains the differences that have piled up now between washington and beijing if there is any us state where the occupy movement has little chance it's probably why despite the high concentration of politicians in wall street big week socializing at the apec summit the only place people are willing to buy here on mass at the beach is this one exception these pictures tourists are against greed and social injustice they're against economic inequality and they are against china . who incidentally the mood at the podium was similarly. i think we can benefit from trade with china and i want certainly to continue cultivating a. a constructive relationship with the trying is gover
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. but u.s. has long complained that china keeps its currency artificially weak to give an advantage to exporters but china says the yuan has to rise gradually to avoid harming its economy across one of the office on a boy explains the differences that have piled up now between washington and beijing if...
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economy is dependent on europe buying exports from china and also a large portion of china's china's currency reserves are in the euro so china it's not in china's interest to see europe's economy fail or decline and that of course this is part of this discussion as well as foreign ministry spokesperson here in china this week said china will always be an important investor and european financial market so we have to wait and see so if anyone wants to put their money into something they're going to want some kind of return on their investment what kind of return do you think china will be looking to get from putting its money into europe. now looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am not sure and i am not fines and i am i for a story please been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having
economy is dependent on europe buying exports from china and also a large portion of china's china's currency reserves are in the euro so china it's not in china's interest to see europe's economy fail or decline and that of course this is part of this discussion as well as foreign ministry spokesperson here in china this week said china will always be an important investor and european financial market so we have to wait and see so if anyone wants to put their money into something they're...
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. he's an associate you're going to reporting right there one of the two countries have exchanged strong words with china defending its policy on its currency oksana boyko now explains the differences that have piled up between washington and beijing. if there is any us state where the occupy movement has little chance that's probably why despite the high concentration of politicians in wall street big week socializing at the apec summit the only place people are willing to offer to party here on mass at the beach is with one exception these protesters are against greed and social injustice they're against economic inequality and they are against china. i. mean sudan clearly the mood at the podium was similar to hostile i think we can benefit from trade with china and i want certainly to continue cultivating a. constructive relationship with the trying his government but we're going to continu
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. he's an associate you're going to reporting right there one of the two countries have exchanged strong words with china defending its policy on its currency oksana boyko now explains the differences that have piled up between washington and beijing. if there is any us state where the occupy movement...
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and china over currency manipulation we just got a pact with president obama coming out against china china firing back we also saw u.s. congress did come out with a report saying that the renminbi could mount a challenge to the dollar and five to ten years you say that challenge is going on now in a currency war is going on how is it playing out. well you know i don't like to accuse the chinese of currency manipulation that every country manipulates this currency to some extent where what we call manipulation they call policy so i don't think anyone is exempt from that but the the u.s. is the biggest currency manipulator in the world when you look at quantitative easing which is just money printing the q e two in this new operation twist all forms of monetary ease people think it's about lowering interest rates it is a little bit but it's really about cheapening the value of the dollar the theory is that if you have a cheaper dollar it makes u.s. exports more attractive so it will sell more boeing aircraft or general electric wind turbines and cetera the problem is it's starts out ok
and china over currency manipulation we just got a pact with president obama coming out against china china firing back we also saw u.s. congress did come out with a report saying that the renminbi could mount a challenge to the dollar and five to ten years you say that challenge is going on now in a currency war is going on how is it playing out. well you know i don't like to accuse the chinese of currency manipulation that every country manipulates this currency to some extent where what we...
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and china as washington calls on b.g. to start playing by the rules but china is calling its own shots we bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization and growing into a regime protest which critics claim are sponsored from abroad. as just minutes before a crew of three blasted off from baikonur the first launch since a similar rocket carrying an unmanned supply of graphics crashed back to earth. it's eight am in the russian capital you're watching r t i'm wearing a joshie welcome to the program as a gathering out of the pacific rim split a call an economic heavyweights winds down in hawaii it's the latest rift between the world's two biggest economies which is dominating the u.s. has been lobbying for open asia pacific markets and criticizing china for its trade and currency practices let's now cross lifestyle correspondent as usual by first. i see so are we seeing a new round of currency wars brewing there. w
and china as washington calls on b.g. to start playing by the rules but china is calling its own shots we bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization and growing into a regime protest which critics claim are sponsored from abroad. as just minutes before a crew of three blasted off from baikonur the first launch since a similar rocket carrying an unmanned supply of graphics crashed...
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well russia and china certainly view the whole situation very differently. they are very much against any kind of repeat of the libya situation and they and they certainly don't want to have posed any any u.n. security council resolution or russia they see it as a two way street and they think that president only be exerted on prison and this as sad because both sides are guilty of violence the free syrian army which is one of the main opposition groups that in syria the moment is largely made up now of defectors from the syrian army so they're suggesting that. there could be a resolution sought through dialogue between both sides that's really the only end so what foreign minister sergey lavrov is now calling a civil war. look look good we suggested in order to put together a position to be in place all countries concerned with a peaceful outcome develop a system seriously that should demand not only from the syrian authorities but also from the opposition at least stop the violence the ongoing attacks of government buildings in syria looks like a civil war
well russia and china certainly view the whole situation very differently. they are very much against any kind of repeat of the libya situation and they and they certainly don't want to have posed any any u.n. security council resolution or russia they see it as a two way street and they think that president only be exerted on prison and this as sad because both sides are guilty of violence the free syrian army which is one of the main opposition groups that in syria the moment is largely made...
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the reprimand seems to be in china. conformity is one of the top ballet you think the chinese build a wall also reflected in the country's political and economic policy if that's not china doesn't play by the rules it's actually quite the opposite what the united states things to have an issue really is that increasingly china rules and i have the privilege watching for would prefer to keep it for hours as the u.s. president hailed his new free trade asia pacific pact as a win win trade in the region some in china took it as a predatory effort to change rules. free trade to be. in the eyes of the beholder it's a treat for you but protection provided that i get. precious. industries as. well. so it's always. free as the euro crisis continues metastasizing throughout the world and china is asked to shoulder the load many analysts say the west should keep in mind its old adage about he who pays the piper china is really in the driver's seat in many respects and this is coming at an awkward time for the united states becaus
the reprimand seems to be in china. conformity is one of the top ballet you think the chinese build a wall also reflected in the country's political and economic policy if that's not china doesn't play by the rules it's actually quite the opposite what the united states things to have an issue really is that increasingly china rules and i have the privilege watching for would prefer to keep it for hours as the u.s. president hailed his new free trade asia pacific pact as a win win trade in the...
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it looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am after an i.m.f. fines now the i.m.f. historically has been dominated by the united states and european powers and developing countries of long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having its money go through them after the euro zone and so that's one thing and that of course would diminish the influence of western powers in that and not find another thing that china may ask for is greater opportunities for foreign direct investment into europe and i that means sensually buying companies technology companies and so on and you're out and in the west so if china decides to help out the help out the euro zone in a crisis china will use every bit of its leverage that it can right now china has all the money and as one analyst put it china is right now the banker to the world china's influence is only such a grow and i think what we're
it looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am after an i.m.f. fines now the i.m.f. historically has been dominated by the united states and european powers and developing countries of long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having its money go through them after the euro zone and so...
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that it can right now china has all the money and as one analyst put it china is right now the banker to the world china's influence is only such a grow and i think what we're seeing right now is you're seeing your i've been in the united states and a state of crisis because of the forces of globalization and perhaps and the larger scale you're seeing a shift of power and a shift and influence both economic power and political influence to the east sense of china. and later today max keiser and stacy herbert discussed whether some musical legends might be better suited to fixing the financial turmoil than bankers and politicians. john lennon and yoko ono were actually watching the kaiser report during their famous bed in in one thousand nine hundred sixty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we are saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty you have that shot exactly to look at some of the posters on the wall
that it can right now china has all the money and as one analyst put it china is right now the banker to the world china's influence is only such a grow and i think what we're seeing right now is you're seeing your i've been in the united states and a state of crisis because of the forces of globalization and perhaps and the larger scale you're seeing a shift of power and a shift and influence both economic power and political influence to the east sense of china. and later today max keiser and...
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growth to china and italy was this lease that meeting economy has resulted in a great slump china in comparison has been full steam ahead emerging as a major manufacturing base but was chinese business is approving strong competition china is being cautious when it comes to buying up your debts the investment should be told in a more valuable. help me industries you start arriving all blonde is chinese investments in western companies and infrastructure grows so you to just china's control and influence across the entire european economy with the chinese trade and investment delegation g. to visit europe next year further investment seem extremely likely. that we call it. could be very very. bad in order to. financial crises as the crisis continues to readjust the economic leaders on the global stage emerging economies such as china looks set to remain firmly in the spotlight surface r.t. . tion quantised francisco. china is greatly interested in europe's economic recovery as it's one of the e.u.'s not just trading partners. this situation in europe and with the euro is uncertain and
growth to china and italy was this lease that meeting economy has resulted in a great slump china in comparison has been full steam ahead emerging as a major manufacturing base but was chinese business is approving strong competition china is being cautious when it comes to buying up your debts the investment should be told in a more valuable. help me industries you start arriving all blonde is chinese investments in western companies and infrastructure grows so you to just china's control and...